-PTI The scheme can have a negative impact on prices, productivity: FICCI-KPMG New Delhi: After the Prime Minister's referred to MGNREGA as a "monument to the failure of the UPA regime", comes a report blaming it for creating shortage of farm labour. A Federation of Indian Chambers of Commerce and Industry (FICCI)-KMPG report titled ‘Labour in Indian Agriculture: A Growing Challenge', released here on Wednesday, says schemes, such as the Mahatma Gandhi National...
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Revisiting rural indebtedness - CP Chandrasekhar
-Frontline The problem in rural India is not one of too much credit to poor households that leads to debt waivers that damage bank balance sheets, but one of inadequate access to credit from formal sources. IF Reserve Bank of India Governor Raghuram Rajan is to be believed, efforts to help Indian farmers by providing them with cheap(er) credit and relieving them of an unsustainable debt burden only harms them in the...
More »Karnataka sees dip in farmer suicides in five years
-The Times of India BENGALURU: Farmer suicides have been on the rise in neighbouring Maharashtra and Telangana. But Karnataka appears to be bucking the trend, with the number of cases showing a sharp decline over the past five years. According to latest data from the state agriculture department, the number of farmers' suicide in Karnataka has declined from 145 in 2009-10 to 50 in 2014. This despite drought and other natural calamities...
More »Empty promises to farmers in distress -PSM Rao
-The Hindu Business Line Both Andhra Pradesh and Telangana have reneged on Loan Waiver promises. When Messrs Chandrababu Naidu and K Chandrasekhar Rao, chief ministers of Andhra Pradesh and Telangana respectively, promised to waive farm loans, there was no reason to distrust them. The Election Commission clearly directed the politicians not to make any promises that could not be implemented. They thought all the farm loans would be written off once they formed...
More »Intelligence Bureau raises red flag on farmer suicides in its report to PMO -Aman Sharma
-The Economic Times NEW DELHI: The Intelligence Bureau has termed Loan Waiver and relief packages for distressed farmers as "short-term" measures and said the issue of farmer suicides needs a comprehensive solution. In a report to the Prime Minister's Office last week, the IB said farmer suicide is on a rise in Maharashtra, Telangana, Karnataka and Punjab. It also pointed to suicides by debt-ridden farmers in Gujarat, UP and Tamil Nadu...
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